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Cultural consumption in times of lock-down: An agent-based model of choice

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  • Biondo, Alessio Emanuele
  • Cellini, Roberto
  • Cuccia, Tiziana

Abstract

This paper presents an agent-based model to study the effects of lockdown restrictions, due to epidemic prevention, on cultural consumption. Two kinds of cultural products, designed as ’popular’ and ’highbrow’, are taken into account. People preferences and choices on different cultural products are influenced by individual education and income; the presence of imitative behaviour through social networks is also considered. Numerical simulations show that partial and global lockdown restrictions produce different –and sometimes counter-intuitive– effects. In particular, highbrow activities are affected by adverse economic consequences of partial lockdown measures to a larger extent, as compared to popular cultural activities. The result is driven by factors related to both the demand and the supply side.

Suggested Citation

  • Biondo, Alessio Emanuele & Cellini, Roberto & Cuccia, Tiziana, 2022. "Cultural consumption in times of lock-down: An agent-based model of choice," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 430-440.
    • Handle: RePEc:eee:streco:v:62:y:2022:i:c:p:430-440
    DOI: 10.1016/j.strueco.2022.06.004
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    References listed on IDEAS

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    Cited by:

    1. Liu, Yandong & Shi, Yu & Wang, Yang & Tian, Zhu, 2024. "Social networks and household consumption," Finance Research Letters, Elsevier, vol. 60(C).
    2. Rizzati, Massimiliano & Landoni, Matteo, 2024. "A systematic review of agent-based modelling in the circular economy: Insights towards a general model," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 617-631.

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    More about this item

    Keywords

    Agent-based model; Covid-19; Lockdown; Highbrow vs. popular arts;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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